Smurfit Westrock Ltd (NYSE:SW) Shares Acquired by Mesirow Institutional Investment Management Inc.

Mesirow Institutional Investment Management Inc. boosted its position in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) by 22.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 70,774 shares of the company's stock after acquiring an additional 12,946 shares during the period. Mesirow Institutional Investment Management Inc.'s holdings in Smurfit Westrock were worth $3,812,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Retirement Wealth Solutions LLC acquired a new position in Smurfit Westrock in the 4th quarter worth approximately $25,000. Versant Capital Management Inc acquired a new position in Smurfit Westrock during the fourth quarter valued at $27,000. MassMutual Private Wealth & Trust FSB grew its position in Smurfit Westrock by 117.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company's stock worth $28,000 after purchasing an additional 279 shares during the period. Deseret Mutual Benefit Administrators purchased a new stake in Smurfit Westrock during the fourth quarter worth $30,000. Finally, Spire Wealth Management acquired a new stake in shares of Smurfit Westrock during the 4th quarter valued at about $36,000. 83.38% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Smurfit Westrock news, insider Ken Bowles sold 24,225 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $55.06, for a total value of $1,333,828.50. Following the transaction, the insider now owns 111,458 shares in the company, valued at $6,136,877.48. The trade was a 17.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Alvaro Henao sold 4,000 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $53.90, for a total value of $215,600.00. Following the completion of the transaction, the insider now directly owns 44,361 shares of the company's stock, valued at $2,391,057.90. This represents a 8.27 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.49% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SW. Wells Fargo & Company decreased their target price on shares of Smurfit Westrock from $53.00 to $43.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Royal Bank of Canada set a $57.00 price target on shares of Smurfit Westrock in a research note on Tuesday. Truist Financial reduced their price objective on Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating on the stock in a research note on Tuesday. Morgan Stanley lowered their target price on Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating for the company in a research note on Tuesday, March 11th. Finally, Citigroup boosted their price objective on Smurfit Westrock from $61.00 to $62.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Smurfit Westrock currently has an average rating of "Moderate Buy" and an average price target of $58.70.

Smurfit Westrock Stock Performance

Shares of NYSE SW traded down $0.35 during midday trading on Friday, reaching $42.10. 1,068,483 shares of the company were exchanged, compared to its average volume of 4,742,243. Smurfit Westrock Ltd has a 1 year low of $37.01 and a 1 year high of $56.99. The stock has a fifty day simple moving average of $45.35 and a 200 day simple moving average of $49.78. The company has a current ratio of 1.37, a quick ratio of 0.89 and a debt-to-equity ratio of 0.72. The stock has a market cap of $21.98 billion, a P/E ratio of 76.42 and a beta of 1.00.

Smurfit Westrock (NYSE:SW - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.67 by ($0.33). Smurfit Westrock had a net margin of 0.63% and a return on equity of 6.16%. On average, research analysts forecast that Smurfit Westrock Ltd will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Friday, February 14th were issued a dividend of $0.4308 per share. This is a boost from Smurfit Westrock's previous quarterly dividend of $0.30. The ex-dividend date was Friday, February 14th. This represents a $1.72 annualized dividend and a dividend yield of 4.09%. Smurfit Westrock's dividend payout ratio (DPR) is 312.73%.

Smurfit Westrock Profile

Smurfit Westrock Plc, together with its subsidiaries, manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products in Ireland and internationally. The company produces containerboard that it converts into corrugated containers or sells to third parties, as well as produces other types of paper, such as consumer packaging board, sack paper, graphic paper, solid board and graphic board, and other paper-based packaging products, such as consumer packaging, solid board packaging, paper sacks, and other packaging products, including bag-in-box.